5503 Lemonwood DR, Austin TX 78731

Based on 7 closed sales in CAT MOUNTAIN NORTH, the data points to a value around $1,450,871 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $1,488,000 to $1,542,000. Relative to what's currently available in CAT MOUNTAIN NORTH, this home would be the most expensive of 3 comparable homes on the market. The smaller floor plan (124 sqft compared to the average comp) is a meaningful differentiator in this price range. A pool adds market appeal. Only 7 minus 2 of the comps had one. Current inventory shows 3 comparable homes in CAT MOUNTAIN NORTH; a buyer's market based on recent absorption. Market data shows 78731 prices fallen 15.8% over the last half year. The closest comparable sale, 6302 Gato PATH, Austin TX 78731 at an adjusted $1,055,547, is with a smaller floor plan and no pool. The strength of this estimate comes from 7 directly comparable sales in CAT MOUNTAIN NORTH. This is strictly a numbers based opinion. Condition, upgrades, and layout can shift value in ways data cannot capture. Have questions? I'm always available. Ed Neuhaus, Neuhaus Realty Group